The shares of this micro-cap company engaged in the manufacturing brass plumbing components, ingots, billets, and rods & provide recycling services in focus after receiving a work order from Greenland Trading Pvt. Ltd.
Price action
With a market capitalization of Rs. 296 crores the share of Siyaram Recycling Industries Ltd rose by 4.5 percent reaching a high of Rs. 140.90 compared to previous closing price of Rs. 130.90, and intraday high of Rs. 140.90 and over the past 1 year it has given a 74 percent return.
What Happened
Siyaram Recycling Industries Ltd has announced that it has received a work order from Greenland Trading Pvt. Ltd. for supplying 200 tons of Brass Billets for Export to China worth Rs. 10.35 Crore.
About the company
Siyaram Recycling Industries Ltd. manufactures brass plumbing components, ingots, billets and rods & provides recycling services. Its products include copper alloy and billets, brass extrusion rods, brass and bath fittings. The company was founded on February 12, 2007 and is headquartered in Ranchi, India.
Business and products
This company is engaged in the business of Brass Honey Scrap,Copper Scrap,Zinc Scrap,Red Brass Scrap,Zinc Ingot Scrap,and the product is Copper Alloy Ingots & Billets,Brass Extrusion Rods (Solid/ Hollow),Brass Fittings,Bath Fittings.
Financials
Coming to the financial statement, revenue from operations grew by 15 percent from Rs. 215 Crores in H1FY24 to Rs. 246 Crores in H1FY25, accompanied by profits of Rs. 4 Crores to Rs. 8 Crores.
Written by: Sanjay G
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